UOA Development Bhd's net profit for the second quarter ended June 30, 2019 (2QFY19) grew nearly 6% year-on-year (y-o-y) to RM125.09 million from RM118.03 million, mainly due to the progressive recognition of the group's ongoing development projects.

Its quarterly revenue also went up 12.9% to RM344.33 million, from RM304.96 million a year ago.

Reviewing its performance, UOA Development said new property sales for 2QFY19 was approximately RM318.8 million, with contributions mainly from projects such as South Link Lifestyle Apartments, Sentul Point Suite Apartments, Desa Green, United Point Residence, and other sale of inventories.

RHB Bank Bhd's net profit for the second quarter ended June 30, 2019 (2QFY19) rose 7.9% year-on-year (y-o-y) to RM615.41 million from RM570.26 million, on the back of non-fund based income and lower expected credit loss (ECL) on loans.

The group declared an interim single-tier dividend of 12.5 sen per share for the financial year ending Dec 31, 2019 (FY19).

Separately, RHB Bank said it expects to complete the disposal of up to 94.7% in RHB Insurance Bhd to Tokio Marine Asia Pte Ltd by the end of 2020's first quarter, as talks and due diligence on the proposed transaction are still ongoing.

RHB Banking Group managing director and chief executive officer Datuk Khairussaleh Ramli said today that RHB Bank is still in discussions with Tokio Marine, which has started due diligence on RHB Insurance.

Carlsberg Brewery Malaysia Bhd managing director (MD) Theodoros (Ted) Akiskalos has resigned from the company after just four months in the position, citing family reasons.

In May, 40-year-old Akiskalos had replaced Lars Lehmann, who was appointed as executive vice president for Eastern Europe of Carlsberg A/S.

Carlsberg Malaysia said Akiskalos will leave his post and the Carlsberg Group on Oct 25, and will relocate to Europe.

Tiong Nam Logistics Holdings Bhd's net profit for its first quarter ended June 30, 2019 (1QFY20), dropped 60% to RM1.94 million, from RM4.86 million in the previous year's corresponding quarter, amid losses in the hotel and dormitory segments.

The logistics and property player posted a 3% decline in its quarterly revenue to RM150.03 million, from RM155.15 million a year earlier.

The property development segment was a drag on revenue, given the 75% year-on-year decline in contribution to RM6.2 million, which was attributed to the challenging environment in the property market.

Malaysian Resources Corporation Bhd’s (MRCB) net profit fell 67% in the second quarter ended June 30, 2019 (2QFY19), as it recognised lower billings from its property development projects.

The net profit fell to RM11.06 million from RM33.45 million in the same quarter last year, with earnings per share dropping to 0.25 sen from 0.76 sen.

Quarterly revenue shrunk 41% to RM240.97 million, from RM405.25 million a year ago.

For the first half (1HFY19), net profit dropped 72% year-on-year to RM15.19 million from RM54.98 million, as revenue fell 43% to RM475.02 million from RM832.85 million.

GD Express Carrier Bhd (GDex) saw its net profit rise over 50% to RM9.89 million in the fourth financial quarter ended June 30, 2019 (4QFY19) from RM6.52 million a year ago, on reversal of tax penalty arising from underprovision of income tax expense in prior years.

Quarterly revenue was also up 10.7% to RM82.29 million from RM74.36 million in 4QFY18, mainly due to contribution from the e-commerce business, which offset the slower pace of parcel volume growth.

The logistics group declared a final dividend of 0.25 sen per share for the financial year ended June 30, 2019 (FY19).

The improved quarterly performance helped lift the group's net profit for the full year (FY19) by 37.4% to RM32.47 million from RM23.63 million a year ago, while revenue rose 8.4% to RM317.56 million from RM292.99 million in FY18.

Aeon Co (M) Bhd doubled its net profit to RM19.45 million for the second financial quarter ended June 30, 2019 (2QFY19), from RM9.79 million a year earlier, due to the absence of impairment losses at an associate, which had impacted its results in the previous year’s corresponding quarter.

Its quarterly revenue grew 3% to RM1.1 billion, from RM1.06 billion a year earlier.

For the first half of its financial year (1HFY19), cumulative net profit stood at RM52.09 million, a 38% jump from RM37.73 million in the corresponding period a year earlier, while revenue increased 6% to RM2.31 billion from RM2.18 billion.

Southern Steel Bhd reported a net loss of RM34.85 million for the fourth quarter ended June 30, 2019 (4QFY19), as compared with a net profit of RM35.21 million a year ago, dragged by lower selling prices.

This is the steel products manufacturer's third consecutive quarterly net loss, resulting in a full-year loss of RM119.05 million, compared with a RM210.85 million net profit for the previous year.

Fourth quarter revenue came in at RM696.98 million, down 21.6% from RM888.64 million a year ago. This brings annual revenue to RM3.14 billion, 18% lower as compared with RM3.7 billion registered a year ago.

Al-'Aqar Healthcare REIT is acquiring another hospital — KPJ Batu Pahat Specialist Hospital — for RM78 million cash, to add to its list of properties under management.

Its management company Damansara REIT Managers Sdn Bhd announced that the trustee of the REIT AmanahRaya Trustees Bhd has entered into a conditional sales and purchase agreement with Johor Land Bhd, a wholly-owned subsidiary of Johor Corp, for the purpose of the acquisition.

Berjaya Land Bhd (BLand) has turned in a net loss of RM34.5 million for the two months ended June 30, 2019. However, it managed to post a net profit of RM148.03 million for the cumulative 14-month period.